The Greedy Trader Weekly Analysis
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Uptrend Exhaustion
Uptrend Exhaustion stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Stock market alert is a warning signal. Uptrend Exhaustion alert indicates that long term uptrend is exhausted and probability of long term trend reversal is high. Uptrend exhaustion stock market alert presents relatively low to medium risk - high reword stock pick for overvalued stocks.

The strategy is based on selling (or taking a short) position on anticipation of uptrend reversal.
Stock trend chart following long term trend analysis and trend following indicator.
trend following,stock trend chart,trend following indicator,following long term trend
Energy Select Sector SPDR
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Summary:
Weekly :Broken trend support lineBroken trend support lineStochastic signal line moved above oversold area
Daily :Williams' Percentage Range is overboughtLane's Stochastic is strongly overbought
Move cursor over the icon to see details.

It was a third positive week after 3 consecutive negative weeks for the Energy Select Sector SPDR (XLE). During the week, the XLE gained 2.05 points, or 3.42%, and closed at 62.01 on Friday, January 11, 2019. Weekly volume was 10% above average.

Long-term trend: [See XLE long-term trend chart]
A long-term uptrend had started on January 20, 2016 at 49.93 and reached 79.42 on May 22, 2018. XLE gained -29.49 points, or -59.06%, in 121 weeks. The chart has formed a Descending Triangle chart pattern. The uptrend support line (72.19) is broken. A broken support is considered to be a long-term bearish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a long-term trend.

Medium-term trend: [See XLE medium-term trend chart]
A medium-term uptrend had started on August 21, 2017 at 61.80 and reached 79.42 on May 22, 2018. XLE gained -17.62 points, or -28.51%, in 39 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (67.90) is broken. A broken support is considered to be a long-term bearish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a medium-term trend.

Weekly Technical Indicators: [See XLE weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.

The weekly MACD line is below its signal line since July 27, 2018. The distance between MACD and the signal line is relatively high, but getting smaller. Use the following link to access a MACD help.

Short-term trend: [See XLE short-term trend chart]
A short-term uptrend had started on December 26, 2018 at 53.36 and reached 62.46 on January 10, 2019. XLE gained -9.10 points, or -17.05%, in 15 days. Price is near the trend high.

Daily Technical Indicators: [See XLE daily technical indicators chart]
Daily Williams' Percentage Range is overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range or strongly overbought daily Lane's Stochastic. Use the following link to access Williams' Percentage Range help.

The daily MACD line is above its signal line since December 31, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term uptrend is strong.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 66.76
Williams' Percentage Range (W%R) 17.80
Overbought
Lane's Stochastic (%D-Slow) 95.37
Strong Overbought
Greed/Fear Indicator (GFI) 81.45
Overbought
Moving Average Converg./Diverg. (MACD) -1.42
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 28.59
Williams' Percentage Range (W%R) 65.20
Lane's Stochastic (%D-Slow) 20.15
Greed/Fear Indicator (GFI) 31.95
Moving Average Converg./Diverg. (MACD) -2.34
Trading Signals
Description Value Chart
Yearly Trendline Support 72.19
Quarterly Trendline Support 67.90
Monthly Trendline Support 67.62
Upper Bollinger Band 65.61
50 Day Moving Average 63.45
Daily Stochastic Crossing 62.18
Price 62.01
Parabolic System 59.35
20 Day Moving Average 59.30
Weekly Stochastic Crossing 56.73
Lower Bollinger Band 55.65
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 53.36
Low Date 12/26/2018
High 62.46
High Date 01/10/2019
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 78.36
High Date 10/09/2018
Low 53.36
Low Date 12/26/2018
Description Value
Direction Down
Chart Pattern Broadening Right-Angled, Descending Wedge
Status Broken Support
Resistance 77.57
Support 67.62
High 79.42
High Date 05/22/2018
Low 53.36
Low Date 12/26/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 83.14
Support 67.90
Low 61.80
Low Date 08/21/2017
High 79.42
High Date 05/22/2018
Description Value
Direction Up
Chart Pattern Descending Triangle
Status Broken Support
Resistance 79.85
Support 72.19
Low 49.93
Low Date 01/20/2016
High 79.42
High Date 05/22/2018
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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